Chevron Corporation, listed on the New York Stock Exchange under ticker 'CVX', is one of the leading integrated energy corporations.
The company provides its subsidiaries, which engage in energy and chemical operations, administration, financial, management, and technology support.
The energy corporation operates through two divisions: Upstream Section and the Downstream section.
The operations include development, exploration and production of crude oil and natural gas and regasification of liquified natural gas (LNG). In addition, the activities further consist of processing, liquefaction, transportation, storage and marketing.
The downstream segment focuses on refining crude oil into petroleum products, transporting the products by pipelines, marine vessels, motor equipment, and rail. It also manufactures and markets plastics, fuels, commodity petrochemicals and lubricant additives.
The company operates through 180 subsidiaries and nearly 800 branches worldwide.
The core regions where the company operates is:
• South America
• North America
Pacific Coast Oil Co, the predecessor to Chevron, was established on Sept. 10, 1879. In 1911, Standard Oil Co. (California) was separated from its parent company by a federal court ruling. It later came to be known as Chevron.
The energy company's significant projects include:
Gorgon: It is said to be one of the world's largest natural gas projects, located on Western Australia's northwest coast. It is reportedly developed to power the Asia-Pacific region.
Wheatstone: It is an off-shore gas processing platform located in Australia.
Jack/St. Malo: It is a deep-water technology, around 30,000 feet beneath the ocean's surface in the US Gulf of Mexico.
Tengiz Expansion: It is reportedly one of the world's deepest and most significant oil fields, located in Kazakhstan, supporting the local community. The company is working on this project for more than 20 years.
Mafumeira Sul: This project is currently at its second stage, and it is situated in Angola.
Angola LNG: It is a liquefied natural gas plant located in Africa and is reportedly Angola's first such facility.
The energy company has a global presence in different countries, including Argentina, Bangladesh, Brazil, Canada, Indonesia, Israel, Myanmar, Mexico, the Philippines, Singapore, South Korea, Thailand, etc.
The company forms a part of various market indexes such as S&P 500 and Dow Jones Industrial Average (DJIA).
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